Royal Bank of Canada lowered shares of AMC Entertainment (NYSE:AMC) from an outperform rating to a sector perform rating in a research report released on Wednesday morning, MarketBeat.com reports.

Other analysts have also recently issued reports about the stock. B. Riley set a $30.00 price objective on shares of AMC Entertainment and gave the stock a buy rating in a research note on Tuesday, November 14th. MKM Partners reissued a buy rating and issued a $28.00 price objective on shares of AMC Entertainment in a research note on Monday, September 18th. Zacks Investment Research raised shares of AMC Entertainment from a hold rating to a buy rating and set a $15.00 price objective for the company in a research note on Tuesday, October 17th. Finally, Wedbush reissued a buy rating and issued a $15.50 price objective on shares of AMC Entertainment in a research note on Tuesday, November 7th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. AMC Entertainment has a consensus rating of Hold and an average target price of $24.15.

Shares of AMC Entertainment (NYSE:AMC) traded up $0.35 during midday trading on Wednesday, hitting $14.45. 4,660,000 shares of the stock were exchanged, compared to its average volume of 2,720,000. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $1,860.00, a PE ratio of -11.03 and a beta of 1.37. AMC Entertainment has a 1 year low of $10.80 and a 1 year high of $34.90.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Monday, November 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.04). The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. AMC Entertainment had a negative return on equity of 6.20% and a negative net margin of 3.87%. The business’s revenue for the quarter was up 51.2% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share. sell-side analysts expect that AMC Entertainment will post -1.3 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.54%. AMC Entertainment’s dividend payout ratio is -61.07%.

Large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. boosted its position in shares of AMC Entertainment by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock worth $110,000 after acquiring an additional 372 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of AMC Entertainment during the second quarter worth $125,000. Pacer Advisors Inc. boosted its position in shares of AMC Entertainment by 12.0% during the second quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock worth $127,000 after acquiring an additional 601 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of AMC Entertainment by 574.5% during the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock worth $162,000 after acquiring an additional 6,055 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of AMC Entertainment during the second quarter worth $222,000. Hedge funds and other institutional investors own 48.60% of the company’s stock.

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AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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